Executive stock options and earnings management in the portuguese listed companies
Theoretically, executive stock options align managers’ and shareholders’ interests. However, previous studies have indicated that stock options may engender manager-shareholder conflicts (Jensen, 2005) and create incentives for earnings management (e.g. Jensen, Murphy and Wruck, 2004; Burns and Kedi...
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| Format: | Article |
| Language: | English |
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Universidad de Murcia
2012-12-01
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| Series: | Revista de Contabilidad: Spanish Accounting Review |
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| Online Access: | http://www.rc-sar.es/verPdf.php?articleId=229 |